The View from 5th Avenue

The View from 5th Avenue – 14 August 2024

To Cut or not to cut? 25bps or 50bps? 100bps by Year-End? So many questions and unknowns remain, as we are in limbo, technically speaking we aren’t in a recession albeit the SAHM-Recession rule was triggered with NFP week before last, the conundrum of data is head-scratching to say the least. Nonetheless inflation is cooling, first time CPI dips below 3% since March of 2021 to 2.9%, however essentials such as Car Insurance, Transportation, Hospital Services and Rent remain elevated. As far as…

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